George Osborne Set To Increase State Pension

George Osborne is to attempt to deflect controversy over planned spending cuts by announcing a big increase in the state pension. Ahead of his autumn statement next Wednesday, in which he is set to slash Whitehall budgets, the Chancellor claims he will boost the state pension to the highest share of earnings for 25 years. According to the Treasury, 13 million pensioners will see their spending power boosted to its highest level for a quarter of a century, with the basic state pension rising to &